Citadel Advisors LLC reduced its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 86.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,559 shares of the bank’s stock after selling 23,268 shares during the quarter. Citadel Advisors LLC’s holdings in Wintrust Financial Corporation were worth $272,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WTFC. Advisors Asset Management Inc. bought a new stake in Wintrust Financial Corporation during the second quarter worth $121,000. Exane Derivatives bought a new stake in Wintrust Financial Corporation during the second quarter worth $128,000. Oppenheimer & Co. Inc. raised its position in Wintrust Financial Corporation by 3.4% during the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock worth $204,000 after acquiring an additional 96 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in Wintrust Financial Corporation during the second quarter worth $215,000. Finally, Two Sigma Securities LLC bought a new stake in Wintrust Financial Corporation during the first quarter worth $223,000. 90.65% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have issued reports on the stock. Hovde Group reaffirmed a “market perform” rating and set a $80.00 price target (up from $76.50) on shares of Wintrust Financial Corporation in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 price objective on shares of Wintrust Financial Corporation in a report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $82.00 price objective on shares of Wintrust Financial Corporation in a report on Tuesday, August 22nd. Finally, Zacks Investment Research downgraded shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $81.13.
Wintrust Financial Corporation (NASDAQ:WTFC) opened at 77.51 on Friday. Wintrust Financial Corporation has a 12-month low of $51.65 and a 12-month high of $80.52. The firm has a market capitalization of $4.33 billion, a P/E ratio of 19.55 and a beta of 0.83. The firm has a 50 day moving average of $74.19 and a 200 day moving average of $73.15.
Wintrust Financial Corporation (NASDAQ:WTFC) last released its earnings results on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.12. The company had revenue of $294.38 million for the quarter, compared to analysts’ expectations of $279.69 million. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 EPS. On average, analysts forecast that Wintrust Financial Corporation will post $4.30 EPS for the current fiscal year.
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In other news, insider Edward J. Wehmer sold 29,779 shares of Wintrust Financial Corporation stock in a transaction on Friday, July 21st. The stock was sold at an average price of $76.89, for a total transaction of $2,289,707.31. Following the sale, the insider now directly owns 137,352 shares in the company, valued at approximately $10,560,995.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $76.82, for a total value of $2,063,462.02. Following the completion of the sale, the executive vice president now owns 185,651 shares in the company, valued at $14,261,709.82. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
Wintrust Financial Corporation Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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